Rugged Thermal Cameras Market to Grow at a CAGR of 9.1% by 2027
Future Market Insights has announced the addition of the “Rugged Thermal Cameras Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
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<strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong>: Global Industry Analysis and<br />
Opportunity Assessment, 2017–<strong>2027</strong><br />
May 2017<br />
Report Id : REP-GB-764<br />
Published On : April-2017<br />
C<strong>at</strong>egory : Electronics, Semiconduc<strong>to</strong>rs, and ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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Research Methodology (1/2)<br />
System<strong>at</strong>ic Research Approach<br />
<strong>Market</strong> pr<strong>of</strong>iling<br />
Formul<strong>at</strong>ing discussion guide<br />
Developing list <strong>of</strong> respondents<br />
D<strong>at</strong>a collection<br />
D<strong>at</strong>a valid<strong>at</strong>ion<br />
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3<br />
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2<br />
In-depth secondary research is used <strong>to</strong><br />
ascertain overall market size, <strong>to</strong>p<br />
industry players, <strong>to</strong>p products, industry<br />
associ<strong>at</strong>ions, etc.<br />
PMR formul<strong>at</strong>es a detailed discussion<br />
guide <strong>to</strong> conduct expert and industry<br />
interviews<br />
PMR develops a list <strong>of</strong> industry players<br />
(manufacturers), distribu<strong>to</strong>rs, retailers<br />
and industry experts<br />
PMR conducts interviews with industry<br />
experts, industry players, distribu<strong>to</strong>rs<br />
and retailers<br />
D<strong>at</strong>a is valid<strong>at</strong>ed <strong>by</strong> triangul<strong>at</strong>ion<br />
method, wherein secondary, primary<br />
and PMR analysis contribute <strong>to</strong> the final<br />
d<strong>at</strong>a<br />
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D<strong>at</strong>a<br />
Collection<br />
D<strong>at</strong>a Filter<br />
& Analysis<br />
Identifying key opinion leaders<br />
Questionnaire design<br />
In-depth interviews<br />
Coverage across value chain<br />
<strong>Market</strong> participants<br />
Key strengths<br />
Product portfolio<br />
Mapping as per value chain<br />
Key focus segments<br />
A<br />
Primary<br />
Research<br />
C<br />
Company<br />
Analysis<br />
Research &<br />
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Actionable<br />
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Key industry experts<br />
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Developments<br />
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D<strong>at</strong>a analysis<br />
6<br />
D<strong>at</strong>a is scrutinized using MS-Excel <strong>to</strong><br />
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insights about the industry<br />
Primary Research #<br />
Secondary Research #<br />
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Insights<br />
7<br />
PMR delivers industry insights and<br />
inform<strong>at</strong>ion in the required form<strong>at</strong><br />
(PDF)<br />
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Linkedin<br />
Zoominfo<br />
Salesforce<br />
Avention<br />
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<br />
<br />
Company websites<br />
Company annual<br />
reports<br />
White papers<br />
Financial reports<br />
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<br />
<br />
<br />
Factiva<br />
GBI<br />
Genios<br />
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<strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong><br />
Demand for <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>to</strong> Gain Traction in APEJ Region<br />
Awareness about benefits <strong>of</strong> thermal imaging continues <strong>to</strong> be driven <strong>by</strong> effective applic<strong>at</strong>ion <strong>of</strong> rugged<br />
thermal cameras across various industrial verticals. Technological advancements have also led <strong>to</strong><br />
development <strong>of</strong> consumer electronics equipped with thermal cameras. Future <strong>Market</strong> Insights’ recently<br />
published report on the global market for rugged thermal cameras considers rising applicability <strong>of</strong> rugged<br />
thermal cameras as a key driver for boosting their global sales. According <strong>to</strong> the report, defence and<br />
military sec<strong>to</strong>rs across several regions will be collectively observed as the world’s largest end-users <strong>of</strong><br />
rugged thermal cameras. In 2017 and beyond, more than 60% <strong>of</strong> rugged thermal cameras sold across the<br />
globe will be used for military and defence purposes.<br />
Increasing defence budgets <strong>of</strong> several countries is, thus, cited <strong>to</strong> become a crucial fac<strong>to</strong>r fuelling the<br />
global sales <strong>of</strong> rugged thermal cameras. At present, Future <strong>Market</strong> Insights values the global rugged<br />
thermal camera market <strong>at</strong> US$ 3.5 Bn, and anticip<strong>at</strong>es it <strong>to</strong> reach US$ 8.5 Bn <strong>by</strong> the end <strong>of</strong> <strong>2027</strong>. During<br />
this forecast period, the global rugged thermal camera market is likely <strong>to</strong> soar <strong>at</strong> an impressive <strong>CAGR</strong> <strong>of</strong><br />
<strong>9.1%</strong>. Key excerpts <strong>of</strong> the report indic<strong>at</strong>e the impact <strong>of</strong> multiple fac<strong>to</strong>rs on expansion <strong>of</strong> global rugged<br />
thermal camera market.<br />
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At the outset, rising defence expenditure and growing military budgets serves as a major booster, driving<br />
the global demand for rugged thermal cameras.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong><br />
The market is also projected <strong>to</strong> grow <strong>at</strong> a steadfast pace due <strong>to</strong> declining costs <strong>of</strong> manufacturing thermal<br />
cameras <strong>at</strong> commercial scale. Cost-effectiveness <strong>at</strong>tained during large scale production <strong>of</strong> rugged thermal<br />
cameras is also a key benefit for manufacturers. The report has pr<strong>of</strong>iled leading manufacturers <strong>of</strong> rugged<br />
thermal cameras and their contribution <strong>to</strong> global market. These include Leonardo SpA, SKF, Bosch<br />
Security Systems, Flir Systems, Inc., BAE Systems, L3 technologies Inc., Thermotecknix Systems Ltd., Axis<br />
Communic<strong>at</strong>ion, Raytheon Company, and Danaher Corpor<strong>at</strong>ion.<br />
Effective applic<strong>at</strong>ion <strong>of</strong> rugged thermal cameras in fire-fighting departments, surveillance <strong>of</strong> commercial<br />
& residential settings, and medical diagnostics has also become a key driver for market’s growth.<br />
Although, high prices <strong>of</strong> rugged thermal cameras continue <strong>to</strong> be a major stumbling block for their use in<br />
certain applic<strong>at</strong>ions. According <strong>to</strong> the report findings, over one-third <strong>of</strong> global rugged thermal camera<br />
revenues are concentr<strong>at</strong>ed <strong>at</strong> surveillance & security applic<strong>at</strong>ions. In 2016, more than US$ 1.3 Bn worth<br />
<strong>of</strong> rugged thermal cameras were accounted <strong>by</strong> surveillance & security purposes. Meanwhile, applic<strong>at</strong>ion<br />
<strong>of</strong> rugged thermal cameras in production <strong>of</strong> electronics is expected <strong>to</strong> register fastest revenue growth <strong>at</strong><br />
10% <strong>CAGR</strong>.<br />
A regional analysis <strong>of</strong> global rugged thermal camera market in the report forecasts th<strong>at</strong> throughout the<br />
forecast period, North America will remain dominant region. North America’s rugged thermal cameras<br />
market, however, will witness a marginal dip in terms <strong>of</strong> global revenue share. While the US defence<br />
budget remains <strong>to</strong> be among the world’s largest defence budgets, the government there is expected <strong>to</strong><br />
lower its military spending in the years <strong>to</strong> come.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong><br />
The region will account for nearly 40% <strong>of</strong> global rugged thermal camera revenues throughout the<br />
forecast period. On the other hand, the rugged thermal camera sales in Asia-Pacific excluding Japan<br />
(APEJ) region are projected <strong>to</strong> record a speedy growth. The APEJ rugged thermal camera market will be<br />
soaring <strong>at</strong> 9.8% <strong>CAGR</strong> <strong>to</strong> reach US$ 1.46 Bn value <strong>by</strong> the end <strong>of</strong> <strong>2027</strong>.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6
Table <strong>of</strong> Content<br />
1. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong>- Executive Summary<br />
2. Assumptions & Acronyms Used<br />
3. Research Methodology<br />
4. <strong>Market</strong> Overview<br />
4.1. Introduction<br />
4.1.1. <strong>Market</strong> Definition<br />
4.1.2. <strong>Market</strong> Taxonomy<br />
4.2. <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> Product Overview<br />
4.3. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Dynamics<br />
4.3.1. Drivers<br />
4.3.2. Restraints<br />
4.3.3. Challenges<br />
4.3.4. Opportunities<br />
4.4. Value Chain<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
4.5. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Forecast, 2017-<strong>2027</strong><br />
4.5.1. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Size (Value) Forecast<br />
4.5.1.1. Y-o-Y <strong>Grow</strong>th Projections<br />
4.5.1.2. Absolute $ Opportunity<br />
4.6. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Trends<br />
4.7. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Snapshot (2016)<br />
4.7.1. <strong>Market</strong> Share By Applic<strong>at</strong>ions<br />
4.7.2. <strong>Market</strong> Share By End-user<br />
4.7.3. <strong>Market</strong> Share By Region<br />
5. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Analysis, By Applic<strong>at</strong>ions<br />
5.1. Introduction<br />
5.1.1. Y-o-Y <strong>Grow</strong>th Comparison, By Applic<strong>at</strong>ions<br />
5.1.2. Basis Point Share (BPS) Analysis, Applic<strong>at</strong>ions<br />
5.2. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Forecast, By Applic<strong>at</strong>ions<br />
5.2.1. Fire Fighting<br />
5.2.1.1. Absolute $ Opportunity<br />
5.2.1.2. <strong>Market</strong> Value Forecast, By Region<br />
5.2.3. Surveillance & Security<br />
5.2.3.1. Absolute $ Opportunity<br />
5.2.3.2. <strong>Market</strong> Value Forecast, By Region<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
5.2.4. Radiology<br />
5.2.4.1. Absolute $ Opportunity<br />
5.2.4.2. <strong>Market</strong> Value Forecast, By Region<br />
5.2.5. Predictive Maintenance<br />
5.2.5.1. Absolute $ Opportunity<br />
5.2.5.2. <strong>Market</strong> Value Forecast, By Region<br />
5.2.6. Electronics<br />
5.2.6.1. Absolute $ Opportunity<br />
5.2.6.2. <strong>Market</strong> Value Forecast, By Region<br />
5.2.7. Others<br />
5.2.7.1. Absolute $ Opportunity<br />
5.2.7.2. <strong>Market</strong> Value Forecast, By Region<br />
5.3. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Attractiveness Analysis, By Applic<strong>at</strong>ions<br />
5.4. Prominent Trends<br />
6. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Analysis, By End-user<br />
6.1. Introduction<br />
6.1.1. Y-o-Y <strong>Grow</strong>th Comparison, By End User<br />
6.1.2. Basis Point Share (BPS) Analysis, By End User<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
6.2. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Forecast By End-user<br />
6.2.1. Military and Defense<br />
6.2.1.1. Absolute $ Opportunity<br />
6.2.1.2. <strong>Market</strong> Value Forecast, By Region<br />
6.2.2. Industrial, Commercial & Residential<br />
6.2.2.1. Absolute $ Opportunity<br />
6.2.2.2. <strong>Market</strong> Value Forecast, By Region<br />
6.3. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Attractiveness Analysis, By End-user<br />
6.4. Prominent Trends<br />
7. Global <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong> Analysis, By Region<br />
7.1. Introduction<br />
7.1.1. Y-o-Y <strong>Grow</strong>th Projections, By Region<br />
7.1.2. Basis Point Share (BPS) Analysis, By Region<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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